Inverness Counsel LLC NY lessened its stake in shares of ConocoPhillips (NYSE:COP) by 64.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,610 shares of the energy producer’s stock after selling 56,849 shares during the period. Inverness Counsel LLC NY’s holdings in ConocoPhillips were worth $1,582,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its holdings in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after buying an additional 6 shares during the period. First Command Bank grew its stake in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares in the last quarter. Krilogy Financial LLC grew its stake in ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 782 shares in the last quarter. Westside Investment Management Inc. grew its stake in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Massey Quick & Co. LLC purchased a new position in ConocoPhillips during the 1st quarter valued at about $123,000. Hedge funds and other institutional investors own 69.87% of the company’s stock.
COP has been the topic of several research analyst reports. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada set a $54.00 target price on ConocoPhillips and gave the company a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the company a “buy” rating in a research note on Friday, August 25th. Jefferies Group set a $54.00 target price on ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Scotiabank reaffirmed a “buy” rating and set a $52.00 target price on shares of ConocoPhillips in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $55.59.
Shares of ConocoPhillips (NYSE COP) opened at $51.57 on Friday. The company has a market capitalization of $60,421.38, a P/E ratio of 2,527.00, a P/E/G ratio of 12.41 and a beta of 1.26. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the previous year, the business posted ($0.66) EPS. research analysts expect that ConocoPhillips will post 0.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.06%. ConocoPhillips’s payout ratio is -57.30%.
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ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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